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Buxton ND | San that 21.5 k dropped (changed) to 17848,,, normally finals don't change much from Pre-lim....Guess it most have been 12-12-12 !!!!! Bottom line there's has been and IS massive money moving out of the corn market,hard to get a rally with monies moving out,,,Exports very poor,E margins poor,E grind down,E stocks sharply higher this week (up 4%) ((up 12% in the last 4 week and the highest in 6 months)) I see NO reason to re-own my corn......
If you compare money flows from Beans (Oct-Nov) to corn last 2 weeks,,,AFTER options expiry corn could very easily fill its gaps daily,weekly,monthly..... | |
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beans export sales large, corn not good, wheat ok
